About The Role.

This is a key role, reporting directly to the Head of Regulatory and Financial Crime Compliance for the Isle of Man. As Head of Compliance for Fund Services, you will hold responsibility for the regulatory and financial crime compliance function of Fund Services, as well as agreed responsibilities for Fund clients. You will lead compliance activities for Fund Services, supported by the Isle of Man Compliance team, ensuring the professional delivery of robust policies to address regulatory, compliance, and financial crime risks. A central focus of this role is fostering and maintaining a strong compliance culture across the organisation.

You will work as a proactive member of the team, ensuring alignment with local regulatory standards and Group-wide compliance practices. Collaborating with colleagues locally and across the wider Group, you will support the development and maintenance of compliance excellence. All activities will be performed in accordance with established internal controls and the Global Compliance Framework. By supporting team members holding prescribed roles and contributing to the consistency of compliance efforts, you will help to continuously deliver exceptional compliance work across the Group. 

Your duties will include:

• Hold the Head of Compliance or Compliance Officer appointments of Fund Services and as agreed for Fund clients
• Hold the Deputy MLRO or, exceptionally, the MLRO appointments as agreed for Fund clients
• Develop and maintain local Regulatory and Financial Crime policies and procedures, ensuring compliance with all applicable regulatory requirements
• Maintain the Compliance Risk Assessment and AML/CFT Business Risk Assessments, in line with Group controls
• Ensure that all regulatory reporting is submitted on time for Fund Services and Fund clients 
• Deliver the compliance monitoring programme 
• Positively contribute to the continued expansion of the IOM product and service offering, including maintaining positive relationships with key stakeholders
• Maintain an excellent and open relationship with the IOM FSA and manage regulatory interactions, including inspections
• Provide excellent compliance advice and guidance to IOM office and ensure all staff are provided with suitable compliance training to support a strong compliance culture across the business
• Provide periodic reporting to the relevant parties, as required
• Maintain team arrangements to ensure daily Acceptance Committee work is achieved
• Deliver on screening process for existing and potential clients against worldwide sanctions and PEP lists
• Review and maintain AML/FT documentation for new and existing business relationships
• Maintain all regulatory compliance logs so that these are accurate and up to date.
• Monitor applicable regulatory changes and identify any existing or emerging business practice risks, proposing relevant measures to mitigate them
• Prepare compliance questionnaires and reporting from third parties (e.g. banks) where we maintain relationships
• Work proactively with the IOM Head of Compliance and Group Head of Compliance to assist with Group improvements and achieve delivery of these within the team
• Conduct operational oversight of the MLRO functions for Fund Services and Fund clients to ensure compliance with IOM Anti-Money Laundering requirements.